Agricultural Microbials Market Worth 6.01 Billion USD by 2022
PUNE, India, April 4, 2018 /PRNewswire/ --
The report "Agricultural Microbials Market by Type (Bacteria, Fungi, Virus, and Protozoa), Function (Soil Amendment and Crop Protection), Crop Type (Cereals & Grains, Oilseed & Pulses, and Fruits & Vegetables), Mode of Application, Formulation, and Region - Global Forecast to 2022", published by MarketsandMarkets™, the market is projected to reach USD 6.01 Billion by 2022, from USD 3.09 Billion in 2017, at a CAGR of 14.21% during the forecast period. The market is driven by factors such as the rise in the adoption of integrated pest management (IPM) practices across the globe, reduced development cost of microbials in comparison to conventional chemical pesticides, target specificity associated with microbial pesticides, the rise in organic farming practices, and an increase in the demand for residue-free crop protection products.
(Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg )
Browse 112 market data Tables and 39 Figures spread through 191 Pages and in-depth TOC on "Agricultural Microbials Market"
https://www.marketsandmarkets.com/Market-Reports/agricultural-microbial-market-15455593.html
Early buyers will receive 10% customization on this report
Bacteria is estimated to be the most widely used type of agricultural microbials.
Bacteria are considered as the most diverse domain of microorganisms that provide stability to the soil. Bacillus thuringiensis (Bt) occurs naturally in the soil and has been used for more than 50 years for pest control, worldwide. Bacteria are also essential for decomposing organic matter and recycling old plant material and fixation of atmospheric nitrogen into the soil. Strains of Azotobacter, Cyanobacteria, and Rhizobium are used as biofertilizers.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownload.asp?id=15455593
Bionematicides is projected to be the fastest-growing segment during the forecast period.
The bionematicides segment is projected to register the highest growth rate from 2017 to 2022. Recent awareness among growers about the crop losses from nematode infections on horticulture as well as cereal crops and positive results obtained from the use of bionematicides has augmented the demand for these products. It has resulted in the increased focus of crop protection companies on new product developments and commercialization of bionematicides.
North America is projected to dominate, while Europe is projected to be the fastest-growing market for agricultural microbials through 2022.
North America is estimated as the largest consumer of agricultural microbials, owing to its highly streamlined product registration process, which makes it easier for most private companies to launch their products easily. The reduced data requirements and the development of modified test technologies in the US have resulted in significantly lower registration costs and timeline. Additionally, factors such as growth in organic farming, entrepreneurial farmers, and efficient infrastructure are the key competitive advantages for the North American market.
The market for agricultural microbials in the European region is projected to grow at the highest CAGR from 2017 to 2022, owing to the increasing number of bans on chemical products in European countries and the organic farming culture prevailing in this region.
The report Agricultural Microbials Market includes a study of marketing and development strategies, along with the product portfolios of leading companies. It also includes the profiles of leading companies such as BASF (Germany), Bayer (Germany), Monsanto BioAg (US), BioWorks (US), Certis (US), Marrone Bio Innovations (US), Koppert (Netherlands), Arysta LifeScience (US), Valent BioSciences (US), Isagro (Italy), Syngenta (Switzerland), and DowDuPont (US).
Know more about the Agricultural Microbials Market:
https://www.marketsandmarkets.com/Market-Reports/agricultural-microbial-market-15455593.html
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Salgarkar
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]
Visit Our Blog @ http://www.marketsandmarketsblog.com/market-reports/agriculture-industry
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets
SOURCE MarketsandMarkets
Share this article